Blogs

2024 US Legal Market Growth Trends

By Melissa Franklin posted 01-14-2025
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Each year, I watch for the Thomson Reuters Report on the State of the US Legal Market . No entity has a broader look at the legal market than Thomson Reuters. This report is the best source for data on growth and trends in the US legal market. Here I focus the report’s data on law firm economic performance and demand data. Legal market historical demand growth After the roller coaster since COVID, legal saw two years in a row of growth. In 2024, demand growth was up 2.6%, which is strong. From 2007 to 2023 annual demand growth averaged 0.1%. The 2024 increase is on top of the 0.8% growth in 2023. The strongest year in recent history ...
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Aligning eDiscovery and case management for better outcomes

By Opus 2 Insights posted 10-16-2024
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Over the years, eDiscovery and case management have become increasingly intertwined, playing an essential role in ensuring successful litigation outcomes. As data volumes and caseloads grow, understanding how to effectively connect these two processes can streamline the entire case lifecycle and empower litigation teams to remain competitive in an ever-changing legal market. Want to learn more? Watch the webinar: Connecting eDiscovery and case management to optimize outcomes. Navigating the data overload The sheer volume of data gathered during eDiscovery is staggering. Recent research from Ari Kaplan Advisors reveals that 93 percent of litigation teams ...
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Case profiles: Managing party, witness, and organisation information

By Opus 2 Insights posted 09-05-2024
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The cast of characters in your case weave a complex web. To build an effective case strategy, you must understand how all of the parties, witnesses, and organisations are involved. In addition, you need to know how they relate to one another and the evidence. Establishing this comprehensive picture of the case is detailed and time-consuming work. For litigation and arbitration teams that manage that information in Word documents and spreadsheets, the task is daunting. But using technology like Opus 2 can help you create interactive, digital case profiles to collect and connect party, witness, and organisation information. In this blog, we’ll share why being ...
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7 quick tips to boost legal tech adoption

By Opus 2 Insights posted 08-22-2024
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In today’s competitive and innovative litigation landscape, legal tech adoption is pivotal for law firms as they work to meet their clients’ evolving needs and develop stronger client relationships. However, despite significant investments in promising tools, many litigation teams struggle with low adoption rates and inconsistent use across departments and teams. Understanding the barriers legal tech adoption is crucial to overcoming these obstacles. This blog explores the common challenges hindering the successful implementation of legal technology and provides seven practical tips to facilitate smoother adoption within your firm and litigation department. ...
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Revolutionizing Paralegal Services: The Power of Cognitive Computing

By Dharmarth Jani posted 07-19-2024
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Cognitive computing is marking a new dawn in the sphere of legal services. Just as email revolutionized communication, cognitive computing is transforming the very core of paralegal services. This disruptive technology uses artificial intelligence, neural networks, machine learning, natural language processing (NLP), and audio and image recognition to create super-efficient legal assistants. The legal space has always been notoriously labor intensive. Lawyers, paralegals, and even judges spend hours skimming through tons of documents. Whether it is drafting a legal document or researching evidence for a case, paralegal services are paper-intensive, ...
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Lawyer leverage: Mistakes to avoid with legal tech

By Opus 2 Insights posted 07-09-2024
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Law firms that plan to increase litigation lawyer leverage in the next year, should invest in the right legal tech now. According to the Citi Law Firm Leaders Survey , around 62 percent of large law firms plan to increase their lawyer leverage by 2025. However, only one-third of firms plan to spend more on litigation support technology, according to a survey by U.S. Legal Support – making it unclear how they hope to accomplish their lawyer leverage goals. Despite the ongoing hype about technology eventually replacing lawyers, it seems that law firms should be more focused on finding legal tech that solves everyday problems. When applied correctly, legal ...
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Technology in the Legal Profession: ChatGPT's Use Cases and Challenges

By Dharmarth Jani posted 07-05-2024
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A lawyer’s day is typically filled with a pile of documents on their desk, each requiring meticulous proofreading and drafting. Meanwhile, their inbox teems with clients eagerly seeking updates on the progression of their cases. Faced with these demands, lawyers find themselves compelled to work tirelessly to bring each case to its resolution, leaving no detail unexamined. However, the recent emergence of ChatGPT for lawyers has revolutionized paralegal services, and how they engage with information and enhanced their efficiency in navigating the complexities of legal discourse. As per a March 2023 survey (statista) among lawyers at large and midsize ...
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Choosing the Right Legal Tech Solution: A Blueprint for Legal Success

By Dharmarth Jani posted 06-27-2024
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Introduction Legal tech investments witnessed an explosive boom between 2010 and 2020. This period saw the rise of cutting-edge legal technologies like Artificial Intelligence (AI), Natural Language Processing (NLP) , Cognitive Computing , and Smart Search. These disruptive innovations have fundamentally transformed how legal professionals approach research, streamline processes, and deliver services, ushering in a new era of efficiency and innovation in the legal domain. But with these new capabilities came the significant risks – security threats, data loss, integration challenges, ethical and regulatory compliance, and more! ...
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Legal Research and Analysis Using Artificial Intelligence

By Dharmarth Jani posted 06-11-2024
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Legal professionals today are moving past the skepticism surrounding AI's legal implications. They are evaluating applications of AI legal research and analysis. Amongst various reforms AI can introduce, generative AI (gen AI) or legal chatbots have received the highest adoption amongst law firms. A survey by LexisNexis states that lawyers see massive potential with gen AI tools to assist with researching (65%), drafting documents (56%), and document analysis (44%). In a competitive market, leveraging cutting-edge technology, like AI in legal processes, is vital for enhanced productivity, efficiency, and cost reduction. AI transforms legal research ...
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A New Chapter: Bringing Generative AI to Legal Review

By Emilie Neumeier posted 03-27-2024
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Please enjoy this blog post authored by Emilie Neumeier, Product Marketing Manager, Relativity. Generative AI is transforming the legal industry right before our eyes. With the launch of enterprise-grade GPT and large language models (LLM) -- such as OpenAI’s GPT-4, Meta’s Llama, and Google’s LaMDA -- there has been instant attention on how this latest evolution of AI can be leveraged to solve complex legal data challenges. These models can be particularly beneficial in e-discovery use cases due to the volume and complexity of data involved in most matters, and counsel are becoming increasingly receptive to their use. In The General Counsel ...
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5 Reasons to Join Your Local Bar Association: A Checklist for Attorneys

By Marcos Torres posted 02-23-2024
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Local bar associations stand as foundational pillars within the legal community, offering attorneys a myriad of opportunities for growth, connection, and contribution. These associations, often operating at the grassroots level, serve as more than just professional clubs; they are conduits for enriching careers, fostering relationships, and cultivating a sense of purpose beyond the confines of the courtroom. For attorneys embarking on their legal journey or seasoned professionals seeking to expand their network, joining and actively engaging with a local bar association can be transformative. It presents an avenue not just for professional advancement but also ...
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Mitigating Regulatory Risks: Overcoming Obstacles in the Implementation of RIM Software

By Angel Besanceney posted 12-07-2023
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What You Need to Know In today’s complex business landscape, managing regulatory risks is crucial. Implementing a robust Records and Information Management (RIM) system is a key approach. However, challenges such as budget limitations, IT complexities, security concerns, and compliance hurdles often arise. This article offers practical solutions and insights to navigate these issues, ensuring regulatory risks are minimized and your organization’s potential is maximized. Key Takeaway: “Implementing a robust Records and Information Management (RIM) system is essential in today’s complex business landscape. ...
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Cybersecurity Gaps in the Legal Industry and How to Close Them

By Jordan Emery posted 12-05-2023
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The threat of cyberattacks is a looming danger for businesses across all industries. Law firms, in particular, are prime targets for cybercriminals due to the wealth of sensitive client information they handle, such as personal details, financial data, and intellectual property. The consequences of a successful cyberattack on a law firm can be devastating, not only in terms of financial losses but also in terms of reputational damage and potential legal consequences. Understanding the Cybersecurity Landscape for Law Firms Law firms face unique cybersecurity considerations due to the nature of their work and the data they handle. According to recent reports, ...
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Protecting Your Law Firm: Essential Takeaways from Cybersecurity Awareness Month 2023

By Jordan Emery posted 11-20-2023
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When the ABA asked law firms about their cybersecurity practices, 53% responded that they had a data management and retention policy, and 36% responded they had an incident response plan. 17% of firms had no policies at all, and a whopping 8% couldn’t even speak to the firm’s security policies. It’s a sign that a culture of cybersecurity is low on the list of priorities in the legal field. When law firms are dealing with confidential information day in and day out, we’ll look at why Cybersecurity Awareness Month is a good time to start making some changes. The Human Element Hackers are rarely the technical geniuses that we can sometimes make ...
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Legal Predictive Analysis and the Future of Intake Management

By Marcos Torres posted 11-15-2023
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In the ever-evolving landscape of the legal profession, staying ahead of the curve is no longer a luxury — it's a necessity. As legal professionals, we recognize the vital role that intake management plays in our daily practice. It's the gateway to sound decision-making, enabling us to filter potential cases, manage client relations, and allocate resources effectively. The traditional methods of intake management, while valuable, are increasingly being supplemented and enhanced by advanced tools and technologies. This article delves into the cutting-edge world of legal predictive analysis and its transformative impact it will take on intake management. ...
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How to successfully implement AI within law firms

By Michiel Denis posted 10-20-2023
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How to successfully implement AI within law firms The legal industry is redefining itself under a flood of AI applications that emerge at a staggering speed. During a panel discussion at ILTACON 2023 in Orlando , I talked about the role of Artificial Intelligence in legal. This blog post summarizes my personal takeaways on how to successfully implement AI within law teams globally. There is great momentum and a perfect opportunity to redefine the legal profession for the better. AI-powered tools are not only putting pressure on pricing, as certain services are being commoditized at a high speed, but also changing the nature ...
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The Future of Immigration Law: Embracing Digital Transformation

By Marcos Torres posted 08-08-2023
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Source: Filevine - The Future of Immigration Law: Embracing Digital Transformation As an immigration lawyer , you’re providing a crucial public service and making a broad social impact. But you’re also juggling a heavy caseload while new challenges constantly evolve. The right technology stack can dramatically expand opportunities for your clients — while making your life easier. In a recent Filevine webinar, industry experts gathered to discuss the future of immigration law and the importance of digital transformation. Together, they detailed emerging trends, challenges, and opportunities in the field of immigration law, emphasizing the need ...
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Press Release | Discover the Magic of Training Technology at ILTACON23

By Ricci Masero posted 08-08-2023
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With a distinctly magical feel to this year’s ILTACON event at Disneyland ... Intellek is thrilled to announce its participation in the premier legal tech event of the year. ILTACON 23 will take place from August 20 to 24 at WDW Swan & Dolphin Hotels and Disney's Yacht & Beach Club Resorts in Orlando, FL. Where Intellek will showcase its innovative learning tech solutions at booth number 314 . At Intellek's booth, attendees will have the opportunity to experience first-hand the power of their advanced learning technology software. The team of experts will be available to provide personalized ...
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Tools to Use to Scale Up Your Insurance Defense Practice

By Marcos Torres posted 08-01-2023
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Source: Filevine - 4 Tools to Use to Scaler Up your Insurance Defense As an insurance defense legal professional , you know what it means to feel pressure. Your clients are constantly pushing for lower costs, even as your own expenses rise. How can you keep your clients happy while maintaining high professional standards — and finding financial stability for you and your firm? New technologies are opening doors for insurance defense legal professionals like you. With litigation management software , you can bring in higher returns, keep costs low, please your clients, build financial strength, and forge a reputation for high-quality work. Here ...
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The Revolutionary Potential of AI Fields

By Marcos Torres posted 07-27-2023
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How will new AI technologies shape the future of law? And how can legal professionals ensure they adhere to legal ethics while benefiting from new technologies? In part VI of our new series, Filevine’s legal futurists Dr. Cain Elliott and Dr. Megan Ma , along with Senior Director of Product Alex McLaughlin , help lawyers answer these questions — and prepare for the future of their practice. Missed previous parts, visit the links below, or view the whole AI, Ethics, and Legal: A Deep Dive Into the Future of Legal Tech Webinar on YouTube. Part I - An AI Primer for Legal Professionals Part II - Unveiling the Complexity of Bias ...
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